A new study says Hawaii is unlikely to build the more than 50,000 new homes for sale and rental needed to meet demand over the next five years.
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Oahu home sales had a strong finish to 2019, with a 19% increase in single-family home sales in December, according to statistics from the Honolulu Board of Realtors.
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Supply and demand for vacation rental units throughout the state were up year-over-year in November, but occupancy was down, according to the latest data from Hawaii Tourism Authority.
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The number of luxury properties sold on Oahu last month dropped 33 percent, when compared to April 2018, while the median price for single-family homes and condominiums that sold for $1.5 million or more declined by 8 percent, according to a report by Coldwell Banker Pacific Properties.
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